Leader of the package: Amazon turns 30
The Intelligence from The Economist
The Economist
4.6 • 3.6K Ratings
🗓️ 4 July 2024
⏱️ 23 minutes
🧾️ Download transcript
Summary
It has changed our lives and become one of the world’s most valuable companies. As Amazon turns 30, what comes next? Education is key to social mobility in India, so protests have erupted over widespread cheating in university entrance exams, presenting Modi’s new government with its first scandal (8:52). And why durian, a giant smelly fruit, has become a geopolitical tool (15:53)
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Transcript
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| 0:00.0 | The Economist. |
| 0:07.0 | Hello and welcome to the Intelligence from The Economist. |
| 0:11.0 | Hello and welcome to the Intelligence from The Economist. I'm your host Rosie Blore. |
| 0:16.0 | Every weekday we provide a fresh perspective on the events shaping your world. education is one of the few ways for poor Indians to advance their chances in life, |
| 0:29.0 | so widespread cheating in this year's university entrance exams has enraged millions of people, |
| 0:35.0 | enveloping India's new government in its first scandal. |
| 0:41.7 | And their giant, expensive and extremely smelly. |
| 0:45.0 | We find out why Chinese consumers are going crazy for Durian. |
| 0:49.0 | And yes, the story of this pungent fruit also has a geopolitical angle. But first. |
| 1:04.0 | This is |
| 1:07.0 | This is the first |
| 1:10.0 | office of Amazon. |
| 1:12.0 | In the summer of Amazon.com, Inc. |
| 1:14.0 | In the summer of 1994, a job vacancy for software engineers was posted online. |
| 1:19.0 | That's the fax machine, as you can see, up there. |
| 1:24.0 | The roles were at a company that planned to pioneer commerce on the internet. |
| 1:29.0 | Applicants needed to be able to design complex systems in about a third of the time that most competent people thought was possible. |
| 1:37.0 | Their CVs, well, those could be sent to Jeff Bezos, the founder of a startup in Seattle called Cadabra. The name Cadabra didn't stick. It sounded too much like |
| 1:47.5 | Cadabra. But the ambition did. We know customers like low prices. We know customers like big selection and we know |
| 1:56.1 | that customers like fast delivery. |
| 1:58.7 | Cadabra became Amazon and this week marks an important milestone. |
| 2:03.0 | Amazon turns 30 tomorrow. |
... |
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